(A)
When, in
connection with a loan, a registrant furnishes or places insurance written on
behalf of the borrower at the borrower's expense, a policy or certificate of
insurance properly executed shall be furnished to the borrower within fifteen
days of the closing date of the loan. The policy or certificate shall state the
name of the insurance company, the nature of the insurance, the extent of the
coverage, the amount of the premium, and the effective and expiration dates of
the policy.

(B)
If a registrant
furnishes or places credit life insurance, credit accident and health insurance
or unemployment insurance on behalf of the borrower at the borrower's expense,
the registrant shall give written notice to the borrower at the time the loan
is made. The notice shall disclose the borrower's right to cancel the insurance
within twenty-five days of the purchase of the insurance with a full refund of
the premium or identifiable charge for the insurance. The notice shall further
disclose that the cancellation may be effected upon the written request of the
borrower together with the return of the policy or certificate of insurance to
the registrant.

(C)
All insurance
sold or obtained in connection with the making of a loan shall be governed by
Title 39 of the Revised Code.

(D)
In any transaction in which the registrant furnishes or places insurance on
behalf of the borrower at the borrower's expense, the registrant shall, prior
to furnishing or placing insurance, provide written disclosure to the borrower
of the business relationship, beneficial ownership or affiliation, whether
direct or indirect, between the registrant and the insurer.